Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,947 shares of the insurance provider's stock after selling 7,532 shares during the quarter. Cambiar Investors LLC owned 0.11% of Reinsurance Group of America worth $15,156,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RGA. WCM Investment Management LLC grew its position in Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock valued at $526,911,000 after acquiring an additional 33,082 shares during the last quarter. Geode Capital Management LLC grew its position in Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock valued at $241,849,000 after acquiring an additional 18,162 shares during the last quarter. Stifel Financial Corp grew its position in Reinsurance Group of America by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider's stock valued at $79,872,000 after acquiring an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. grew its position in Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock valued at $79,512,000 after acquiring an additional 117,829 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Reinsurance Group of America by 0.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider's stock valued at $45,683,000 after acquiring an additional 649 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 2.3 %

Reinsurance Group of America stock traded down $4.78 during midday trading on Friday, reaching $199.72. The company's stock had a trading volume of 878,524 shares, compared to its average volume of 536,097. The stock's 50-day simple moving average is $216.81 and its 200-day simple moving average is $216.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 52-week low of $167.80 and a 52-week high of $233.81. The stock has a market capitalization of $13.15 billion, a P/E ratio of 18.60 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RGA. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday. Piper Sandler decreased their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Barclays decreased their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.08.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.